Gorgeous 5 Bed/2bath completely Remodeled house!

Location, Location!! In the sought after Golden Triangle area of St. Charles County!! Gorgeous 5 Bed/2bath completely Remodeled house! 2800 sq ft of Living Space, All NEW GRANITE with SAMSUNG Stainless steel appliance suite, and all new lighting. All new waterproof/life proof vinyl plank floors and new carpet throughout. All new bathrooms, fixtures, and new 4 “ base molding and a New Deck with Barouque style spindles. This Beautiful Ranch is tucked away in a Great private Cul de sac for bike riding/playing. Features include a Finished Walk out Lower Level and great backyard with a huge She Shed/ He Shed. Step inside the Vaulted Great Room with Wood Burning Fireplace then into the Spacious Dining/Kitchen Combination. Center Island, Built In Microwave Plenty of Cabinet Space. 3 Nice Size Bedrooms and the Master is 16X12 with a Full Bath/Walk-in closet. Lower Level Features a Rec/Family Room 2 More Sleeping Rooms in the Lower Level. Brand New Large Deck off Dining area. Oversize Garage.

5 Golden Gate Ct, St Peters, MO 63376

To view call 314-922-6844

LauraLudwig

http://www.lauralei.net
314-503-1186
$199 Flat Fee MLS Listings
Lauralei Properties, LLC

The Fed and Rate Changes - What does it all mean?

The Federal Reserve Board (the Fed) controls the Fed Funds Rate and the Discount Rate. These are overnight loans from bank to bank or from the Fed to member banks. The Fed adjusts the rate to influence the economy. For example, if things are going well, a rate increase may slow inflation. If the economy is struggling, a rate drop could be the boost it needs.

Two important things to remember:

- The Fed can influence, but does not directly set, consumer rates.

- The Fed's rates are short term and often do not impact longer term rates, such as mortgage loans.

Why all the fuss?

Increases in the Fed Funds rate can cause banks to raise their “prime” rates, which are often used to calculate costs of revolving credit or home equity lines of credit (HELOCs).

What about mortgages?

Mortgage loans are a different animal, so to speak. The "agencies" (Fannie Mae and Freddie Mac) pool them together and sell them as mortgage bonds. The amount investors pay for these bonds directly influences mortgage rates.

Bottom Line:

When the Fed moves, it generally provides lots of warning, and markets have already had a chance to react. Markets are constantly responding to other factors as well, from the stock market to global events to consumer spending. In the end, no one can say for certain what the reaction to Fed moves will be.

David Sharp
MiMutual Mortgage
Loan Officer
NMLS# 280482
(314) 260-4360
dsharp@mimutual.com
www.mimutual.info/dsharp
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